Property prices in Malaysia continued to decline in the fourth quarter (Q4) of 2017 as the market corrected itself amid a complex scenario of growing oversupply in certain segments and a prevailing lack of consumer affordability, said the PropertyGuru Group.

Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent at the Monetary Policy Meeting (MPC) as it decides to normalize the degree of monetary accommodation amid the economy being firmly on a steady growth path.